Legislation (Deferral of Sunsetting—Insurance Instruments) Certificate 2023 (Cth)

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Legislation (Deferral of Sunsetting—Insurance Instruments) Certificate 2023

I, Mark Dreyfus KC, Attorney‑General, make the following certificate.

Dated 22 September 2023

Mark Dreyfus KC

Attorney‑General

Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Deferral of sunsetting.................................................................................................... 1

5............ Repeal of this instrument............................................................................................... 1

1  Name

This instrument is the Legislation (Deferral of Sunsetting—Insurance Instruments) Certificate 2023.

2  Commencement

(1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1 Column 2 Column 3
Provisions Commencement Date/Details
1.  The whole of this instrument The day after this instrument is registered. 27 September 2023

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

This instrument is made under paragraph 51(1)(c) of the Legislation Act 2003.

4  Deferral of sunsetting

The instruments mentioned in the following table, for which the sunsetting day is 1 October 2023, are repealed by section 51 of the Legislation Act 2003 on 1 October 2024.

Deferral of sunsetting
Item Instrument name FRL identifier
1 Insurance Acquisitions and Takeovers Act 1991 ‑ Decision‑Making Principles IDM 1/1992 F2008B00776
2 Insurance Acquisitions and Takeovers (Notices) Regulations F1996B00675
3 Insurance Regulations 2002 F2002B00103
4 Life Insurance Regulations 1995 F1996B00625

Note:          The Legislation (Insurance Instruments) Sunset‑altering Declaration 2018 declared the sunsetting day of 1 October 2023 for the above instruments.

5  Repeal of this instrument

This instrument is repealed at the start of 2 October 2024.

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